802 S Jenkins Blvd · Akron, OH 44306

$345,000

2 bd · 2.0 ba · 1,242 sqft · MultiFamily public records · 14 Days on market

Built 1964 3,867 ac lot ↓ 56% since listing

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.7/30.0
• ARV discount +7.5/15.0
• DSCR +5.5/10.0
• Rent growth +4.4/5.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks

802 S. Jenkins and 1636 Seth Robert comprise two duplexes being offered as a bundle, featuring a total of four units. This is an excellent opportunity for an investor or an owner occupant looking to leverage rental income from the other units to help offset the mortgage. Each unit is a 1 bedroom, 1 bath layout with approximately 621 square feet and includes a dining room, living room, kitchen, and a one car garage with washer and dryer hookups. The properties total 2,484 square feet and are currently at 100 percent occupancy, with all units on month to month leases, offering flexibility for future rent adjustments or occupancy plans. All units have been updated throughout, with recent impro

Key facts

• One car garage
• Updated throughout
• Kitchen

Tags

• DINING ROOM
• LIVING ROOM
• KITCHEN
• ONE CAR GARAGE
• WASHER AND DRYER HOOKUPS
• UPDATED THROUGHOUT

Property features AI

Finance

• Other: Updated/remodeled property; Above grade finished area reported as 2,484 (source: public records)
• Financial info: Multiple leased units with current rents: $732, $850, $850, $850; Leases for all units expire July 31, 2026

Exterior

• Parking: Attached garage with 4 spaces; Basement parking features
• Utilities: Public water; Public sewer
• Home design: Single-story buildings; Wood siding construction; Asphalt/fiberglass roof
• Construction: Wood siding; Asphalt/fiberglass roof; Built (year per public records)
• Exterior features: Property includes two buildings; Lot recorded by assessor

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: Four one-bedroom units (each unit is 1st level)
• Bathrooms: Four full bathrooms (one per unit)
• Heating & cooling: Forced air heating (gas); Wall/window cooling units
• Interior features: Updated/remodeled condition
• Laundry & utility: In-unit laundry

What this means for you Summary

Snapshot

• This is a 4 × 1-bed/1-bath units multifamily listed at $345k.

Deal economics

• At list price, monthly cash flow is $278 ($3k/yr) — positive. Per door: $69/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $307k (11.1% below list).
• Recommended offer: $307k (11.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 81/100 on livability (#104 in OH, #1,591 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Akron City (urban): math 22% / reading 30% proficiency, ranked #602 of 656 in OH (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+7.6%/yr); 69 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• At $3,068/mo this rent would consume 88% of the median local household income ($42k/yr) (locally 1251% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Summit County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $34k; list at $345k implies a 912% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $306,800 (11.1% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.89% ✗
• Cap rate: 7.26%
• Cash-on-cash: 3.45%
• DSCR: 1.15
• GRM: 9.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 7.63% rent growth · sell at horizon

5-year hold

• IRR: -6.3%
• Equity multiple: 0.76×
• Total profit: $-23,354
• Equity at exit: $51,441

10-year hold

• IRR: 8.0%
• Equity multiple: 1.72×
• Total profit: $69,594
• Equity at exit: $29,829

Cash invested: $96,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 44306

• Rents YoY: 7.6%
• Active inventory: 69
• Price-to-rent: 37.5×

Monthly cashflow live

• Estimated rent: $3,068 medium
• Mortgage (P&I): −$1,809
• Tax from tax record: −$193 /mo · $2,316/yr
• Insurance: −$144
• HOA: −$0
• Vacancy / Maint / Mgmt: −$644
• Net cashflow: $278

Break-even live

Break-even rent $2,716

Max offer price $345,000

Occupancy floor 86%

Sensitivity live

Price	-10% $473	-5% $375	+0% $278	+5% $180	+10% $82
Rent	-10% $35	-5% $157	+0% $278	+5% $399	+10% $520
Rate	-1.0pp $452	-0.5pp $366	base $278	+0.5pp $188	+1.0pp $97

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	1	1	$3,068
Total (4 units)			$3,068

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $86,250
• Closing costs: $10,350
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1442 Virginia Ave Akron, OH	2.0	1.0	840	$795	$0.95	44d	1	0.08mi
764 Lindsay Ave Akron, OH	3.0	1.0	1000	$1,295	$1.29	15d	1	0.62mi
1070 Super Genius Cir Akron, OH	2.0–4.0	1.0–2.0	1145	$919	$0.80	15d	1	0.70mi
1078 Lindsay Ave Akron, OH	3.0	2.0	1005	$1,350	$1.34	44d	1	0.81mi
1204 Inman St Akron, OH	3.0	1.0	1080	$1,200	$1.11	24d	1	0.87mi
1313 Coventry St Akron, OH	2.0	1.0	913	$1,250	$1.37	15d	1	0.92mi
1093 Georgia Ave Akron, OH	2.0	1.0	752	$1,103	$1.47	15d	1	0.92mi
1125 Georgia Ave Akron, OH	3.0	1.0	1060	$1,300	$1.23	15d	1	0.96mi
920 Clement St Akron, OH	2.0	1.0	940	$995	$1.06	15d	1	1.00mi
864 Wyley Ave Akron, OH	2.0	1.0	800	$1,500	$1.88	44d	1	1.05mi
780 Anderson Ave #12 Akron, OH	1.0	1.0	700	$785	$1.12	15d	1	1.10mi
780 Anderson Ave #13 Akron, OH	1.0	1.0	700	$785	$1.12	44d	1	1.10mi
783 Anderson Ave Apt 5 Akron, OH	2.0	1.0	900	$900	$1.00	44d	1	1.12mi
783 Anderson Ave Apt 10 Akron, OH	2.0	1.0	900	$900	$1.00	15d	1	1.12mi
779 Anderson Ave Apt 11 Akron, OH	2.0	1.0	900	$900	$1.00	24d	1	1.13mi
779 Anderson Ave Apt 10 Akron, OH	2.0	1.0	900	$900	$1.00	15d	1	1.13mi
779 Anderson Ave Apt 11 Akron, OH	2.0	1.0	900	$900	$1.00	44d	1	1.13mi
958 Hunt St #2 Akron, OH	1.0	1.0	700	$600	$0.86	44d	1	1.19mi
958 Hunt St Unit A Akron, OH	1.0	1.0	800	$750	$0.94	44d	1	1.19mi
972 Concord Ave Akron, OH	2.0	1.0	720	$1,173	$1.63	44d	1	1.25mi
902 Cole Ave Akron, OH	3.0	1.0	984	$1,050	$1.07	15d	1	1.28mi
1102 Neptune Ave Akron, OH	3.0	1.0	1000	$1,200	$1.20	44d	1	1.30mi
1036 Neptune Ave Akron, OH	3.0	1.0	1000	$1,350	$1.35	44d	1	1.41mi
1005 Pardee Ave Akron, OH	2.0	1.0	862	$1,025	$1.19	44d	1	1.42mi

Listing history 12 events

1. 2026-06-18
   days on market $345,000 Active 14 DOM
2. 2026-06-17
   days on market $345,000 Active 13 DOM
3. 2026-06-16
   days on market $345,000 Active 12 DOM
4. 2026-06-15
   days on market $345,000 Active 11 DOM
5. 2026-06-14
   days on market $345,000 Active 9 DOM
6. 2026-06-13
   days on market $345,000 Active 8 DOM
7. 2026-06-10
   days on market $345,000 Active 6 DOM
8. 2026-06-09
   days on market $345,000 Active 5 DOM
9. 2026-06-08
   days on market $345,000 Active 4 DOM
10. 2026-06-07
    days on market $345,000 Active 3 DOM
11. 2026-06-05
    remarks 699-char remark
12. 2026-06-05
    listed $345,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $2,316 · $193/mo
• Projected year-2 tax: $3,849 · $321/mo
• Expected delta: +$1,533/yr (+$128/mo · 66.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,816
• − Mortgage interest: −$19,325
• − Property taxes: −$2,316
• − Insurance: −$1,725
• − Repairs & maintenance: −$2,945
• − Management: −$2,945
• − Depreciation: −$10,036
• Taxable loss: −$2,477
• Est. tax savings @ 24.0%: +$594
• After-tax cash flow: $3,928/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Akron City
• NCES district ID: 3904348
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 30% ▼ -12.00%
• Median HH income: $33,811
• Composite: 21.31/100
• National rank: #8383
• State rank: #602 of 656 in OH

Livability — Akron

• Score: 81/100
• State rank: #104
• US rank: #1591

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Akron, OH
• County: Summit County · 440,783 people
• City population: 174,375
• Metro: Akron, OH
• Population (ZIP): 20,905
• Household income: $41,688
• Rent vs Own: 56.4% rent · 43.6% own
• Severe rent burden: 1251.0

Population outlook (Summit County) Hauer SSP2

• Today (2025): 546,583 people
• By 2030: 544,028 · -0.5%
• By 2040: 531,363 · -2.8%
• By 2050: 514,923 · -5.8%
• By 2075: 481,765 · -11.9%
• By 2100: 432,265 · -20.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 48% Black 38% Two or more races 8% Hispanic / Latino 3% Asian 2%
• Common ancestry: Lithuanian 2% Iranian 1% Scotch-Irish 1%
• Foreign-born: 4% · Vietnam, Canada, Philippines
• Languages at home: 94% English-only · Spanish 2% Other Asian/Pacific 1% Vietnamese 1%

Political lean MEDSL · Summit

• 2024 margin: Lean D (+7.0) · D 53.0% · R 46.0%
• 2008→2024 swing: -9.6pp toward R · 2008: 16.6pp · 2024: 7.0pp
• All cycles: 2024: D+7.0 2020: D+9.6 2016: D+8.2 2012: D+14.8 2008: D+16.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -101.46%
• Current HPI: 132.768
• Rent YoY: ▲ 7.63%
• Metro: Akron, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

-55.8% since first listed

4 events — show timeline

• 2026-06-04 Listed $345,000 MLSNOW
• 2020-01-06 Sold (Public Records) $34,100 Public Records
• 2016-07-18 Sold (Public Records) $63,800 Public Records
• 2005-04-15 Sold (Public Records) $780,000 Public Records

Property tax history

+7.3%/yr

Latest (2025): $2,316 · +1.8% YoY. Source: county tax records.